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Director's Year In Review |
Good morning Acofe Members,
As we count down to the Christmas break-(yes there are only 11 weeks between us and the end of this calendar year), its time to reflect on what has become of the predictions and media’s hype that exploded onto the world stage over the late part of 2007 and then increasing through the first quarter of 2008.
Is the recession over ? In a nutshell: --- not yet !
Way back in the midst of the negative hype that existed during what I like to call “The Sky is Falling” phase of the economic downturn, I think you would agree that it was difficult to see the light at the end of the tunnel. Or that in as little as 2 years we could expect the “worst recession in 100 years” the defining moment of the modern global economy, would be quoted by many media outlets as “almost over” and further, that we would be talking of the certainty of ongoing interest rate rises.
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